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Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced an upcoming version of its Mullen Five crossover that delivers a performance “to rival Plaid versions of Tesla’s Model S and Model X.” The Mullen Five was originally meant to compete against Tesla’s Model Y and Volkswagen ID.4, but the new version features more than 1,000 horsepower and the ability to go from 0 to 60 in under 2 seconds with a top speed of more than 200 mph; the new model also features an 800-volt electrical system, enabling rapid charge times when using a DC fast charger. The FIVE RS will be manufactured in MULN’s Tunica, Mississippi,

“Anybody that’s dealing with electric cars right now is getting a lot of questions about the battery, and making folks feel comfortable about the battery health is really important to selling them,” ADESA President John Hammer told Automotive News.
Since adding the feature, ADESA has seen a 7 to 9 percent lift in conversion — when cars offered in auction channels actually sell — on vehicles with Range Score badging compared with similar vehicles that don’t have it, Hammer said. ADASA did not disclose when it started using the badging and gathering that data.

“The other thing that we’ve seen is a lift in the prices that we get for them,” Hammer said. “We’re seeing $4,000 to $7,000 increases.”

Developing a more comprehensive battery health diagnostic tool is also a priority for Manheim, the largest US vehicle auction company.

It is working on that with Spiers New Technologies, a battery

Clay Cooley adds Hyundai store

Dealer Clay Cooley grew his group’s presence in the Dallas-Fort Worth area in Texas with the June 27 addition of his third Hyundai dealership, one of more than 10 dealerships in his portfolio, according to DCG Acquisitions, a Dave Cantin Group company, which facilitated the transactions.

“It’s a strategic acquisition,” George Pero, vice president of sales for DCG Acquisitions, said in a phone interview. Pero, along with Brian O’Malley, a managing director with the company, worked on the deal.

“Pretty much all their dealerships are within driving distance,” Pero said of Clay Cooley Auto Group, of Irving, Texas. “This purchase expands their existing footprint.”

In November, the group bought a standalone Cadillac dealership in Garland, Texas.

The June acquisition, formerly known as Bob Stallings Hyundai in Dallas, was renamed Clay Cooley Hyundai of Dallas.

The dealership is a past Automotive News Best Dealerships To Work